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It will, as you say Paul, stimulate the economy. After all it is bound to keep those on low wages on low wages. Any wage increase they may think is their due for an increase in productivity or profit will have been awarded them by the "hard pressed tax-payer"?
This may also result in less accounting work or worries for the employer of, cleaners & toilet attendants etc.
That it may tip a few of the squeezed-middle out of tax credits is swings and roundabouts, right enough.
When the low waged (and therefore untaxed) are scorned as undeserving of the vote, doubtless they can point to indirect taxation as their saving grace. Lucky old they too when NI is bundled into general income tax they shall again be roundly justified in hanging on to the franchise.
Now...where did I put my tongue?
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